Core Projects Board Approves Stock Split

Core Projects & Technologies Ltd has informed that the Board of Directors of the Company at its meeting held on February 22, 2007, has approved the following:1. Allotment of 17,08,888 equity shares of the face value of Rs 10 each comprising allotment of 4,93,888 equity shares against conversion notice received from FCCB holders and 12,15,000 equity shares of Rs 10 each against the exercise of warrants issued on preferential basis Pursuant to the said allotments the paid up capital of the Company stands at Rs 13,95,36,090 consisting of 1,39,53,609 fully paid up equity shares of Rs 10 each.2. Shifting of the registered office of the Company currently situated at B 101/102 RemiBiz Court, Veera Desai Road, Andheri (W), Mumbai to Unit Nos 1-4, Bldg No.4, Sector III, Millennium Business Park, Mahape, Navi Mumbai, subject to such approvals and consents as may be required.3. Proposed Employee Stock Option Scheme for granting options to the employees